Pacific Cycles held a groundbreaking ceremony for its third plant on the morning of Saturday, May 18, 2024, at its first factory in Xinwu, Taoyuan City, Taiwan. The company plans to gradually renovate the existing factory buildings, with the first phase of construction estimated to cost NT$300 million. The main building of the first phase is expected to be completed by 2025.
Chairman Michael Lin stated that Pacific Cycles is committed to environmental sustainability. In 2023, the company completed its organizational carbon inventory and began promoting a new carbon-reduction business model for bicycles. Through cross-industry cooperation, Pacific Cycles aims to achieve new milestones. Amidst a rapidly changing market environment, Pacific Cycles is excited to share its construction plans with everyone, hoping to continuously challenge itself and embrace new opportunities. Founder George Lin emphasized that Pacific Cycles continues to create impressive products and will produce them in more environmentally friendly ways in the future to meet the expectations of all bicycle enthusiasts.
Pacific Cycles was established in 1980 by founder George Lin at the Yong'an Industrial Park in Xinwu, Taoyuan. Adhering to the business philosophy of "find yourself, stand firm, think small, be yourself," Pacific Cycles has gradually expanded from Taoyuan, Taiwan, to the global bicycle market, achieving significant results. Michael Lin took over as President in 2022 and, in response to new era developments and sustainable business practices, has led Pacific Cycles into its 2.0 era. The third plant is planned to be rebuilt on the site of the first factory. The two-phase project will construct over 5,000 ping (approximately 16,500 square meters) of new factory space, creating a new generation production base that integrates "smart manufacturing," "circular sustainability," and "environmental friendliness" to upgrade and transform the company, meeting future market challenges.
In response to the factory renovations, Pacific Cycles has made production adjustments to ensure that customers are not affected by the construction. The planned new products will also be launched as scheduled.